Thread: Is now a good time to buy?

This depends on what area you live, some areas have houses so cheap a double dip wouldn't even hurt you much. I wouldn't worry about a double dip to much though, I think people really wised up since the last dip and they wont let it happen again.

I would scoop up a few flips, rent and hold for rebound. The market always comes back around, but it may be 10 years before it fully recovers.

If you can pick up a deal and are able to lock in a low interest rate on the loan which allows for significant cash flow; I'd say buy. Just don't depend on appreciation when calculating your return on investment. Think about it this way. If you can pick up a property that cash flows $500/month on a 15 year mortgage, you'll own the property free and clear in 15 years, so even it it doesn't appreciate at all during that time, you'll still have a decent investment.

Nothing is so uncertain about the real estate market right because of the recession. I think we need to wait a litlle bit.

It is proven that there is money being made hand over fist in real estate even today. The hustlers are the ones who will succeed in any economy, so why not you? Just because you put an offer on a property doesn't mean you cannot back out of it later on if the deal doesn't look right. Evaluate many deals until you are certain which ones merit cash opportunities and go for them.

LLC's are a great way to protect yourself from liability since you can purchase the property in the company name instead of your own. If you have a business line of credit as well, there is less risk to your credit score going down.

Originally Posted by mikebishop

Do you think the worries about a double dip recession are artificial?

Yes of course this is the best time for you to buy, before there is another increase in prices which is likely to happen very soon. so where are you planning to invest?

Originally Posted by REman

This depends on what area you live, some areas have houses so cheap a double dip wouldn't even hurt you much. I wouldn't worry about a double dip to much though, I think people really wised up since the last dip and they wont let it happen again.

I really wish I could believe that, but since these kinds of things are decided in aggregate by all of the individual players in a market, the vast majority of whom are either not in the industry (that is, they are a private actor buying for themselves) or have a personal stake in an outcome (agents want to get the most money they can) bubbles are bound to repeat. Think about how recessions are cyclical. So are housing bubbles. People forget very quickly and there's only so much federal policy can do - especially when administrations change along with their policies.

Prices of properties are going up and up only. So if you really want to invest in property, then it is the perfect time to buy a property for investment. You should buy it before its prices increase again and again.

You can choose anytime if you have money....Nice topic